New figures reveal that some of London's most expensive postcodes have seen average house prices fall by as much as £290,000 from their pandemic-era peaks, while northern English cities are recording some of the strongest price growth anywhere in the country. This is not a minor correction — it represents a structural repricing of the capital's premium housing stock, and it confirms what many regional investors have suspected for the past two years: the centre of gravity in UK residential property is moving decisively northwards.